Citigroup Inc. (NYSE:C) Stake Trimmed by JT Stratford LLC

JT Stratford LLC cut its holdings in shares of Citigroup Inc. (NYSE:CGet Rating) by 21.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,579 shares of the company’s stock after selling 1,215 shares during the quarter. JT Stratford LLC’s holdings in Citigroup were worth $277,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bell Investment Advisors Inc acquired a new stake in Citigroup during the 3rd quarter worth about $26,000. Disciplined Investments LLC acquired a new stake in Citigroup during the 4th quarter worth about $26,000. Outfitter Financial LLC acquired a new stake in Citigroup during the 4th quarter worth about $30,000. FSB Premier Wealth Management Inc. acquired a new stake in Citigroup during the 4th quarter worth about $31,000. Finally, AHL Investment Management Inc. acquired a new stake in Citigroup during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.

Shares of C stock traded up $0.72 during trading on Thursday, reaching $50.04. The company had a trading volume of 896,288 shares, compared to its average volume of 24,065,908. The firm’s 50 day simple moving average is $52.24 and its two-hundred day simple moving average is $59.86. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.92 and a quick ratio of 0.92. Citigroup Inc. has a one year low of $45.40 and a one year high of $80.29. The company has a market capitalization of $99.12 billion, a PE ratio of 5.81, a PEG ratio of 0.61 and a beta of 1.61.

Citigroup (NYSE:CGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.47. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The business had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.12 billion. During the same period last year, the business earned $3.62 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. Analysts forecast that Citigroup Inc. will post 7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 2nd will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Friday, April 29th. Citigroup’s dividend payout ratio is currently 24.06%.

A number of equities research analysts have commented on C shares. Barclays decreased their price objective on Citigroup from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 6th. Atlantic Securities lowered Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Thursday, March 3rd. Keefe, Bruyette & Woods lowered Citigroup from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $81.00 to $64.00 in a report on Thursday, March 3rd. Credit Suisse Group reduced their price target on Citigroup from $72.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 7th. Finally, BMO Capital Markets reduced their price target on Citigroup from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, April 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.48.

Citigroup Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Featured Stories

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.